What Your Inventory and Purchasing Software Must Do

1. What Your Inventory and Purchasing Software Must Do? In this article we look at the key features and capabilities that good inventory and purchasing software has to have. Inventory and purchasing management software are mission-critical requirements for wholesale distributors particularly given the turmoil in the global Supply Chain. If your inventory and purchasing software doesn’t match up, it is time to consider upgrading your system. What is Inventory and Purchasing Software? Inventory and purchasing software covers two key capabilities: inventory management, and purchasing management. An inventory management system tracks your quantity in and out of each product you stock, by warehouse, by location. This provides the ability to know, at all times, what your quantity available to sell is and where the stock is located. Purchasing management software helps you replenish your inventory at the optimal time to avoid stockouts and to purchase in the right amounts to maximize your ROI. You need software that delivers both capabilities to be successful. Read more@ https://www.adssolutions.com/blog/what-your-inventory-and-purchasing- software-must-do/